HDFC Life Insurance announced a record bonus of ₹4,596 crore for its participating policyholders—the highest in the company's history. The bonus will benefit 22.2 lakh (2.22 million) policyholders. Out of the total, about ₹3,761 crore is expected to be paid out during the financial year 2027 through maturity and survival benefits. The remaining amount will be added later according to the policy terms.
Some early investors in Groww, a stock trading platform, sold about 4.7% of their shares in the company on Tuesday. This happened after a six-month waiting period for pre-IPO shareholders came to an end. According to stock exchange data, nearly 29.52 crore shares were traded at an average price of ₹180.40 each. The total value of the deal was more than ₹5,352 crore. The sellers included Peak XV Partners, YC Holdings, Ribbit Capital, and other institutional investors.
The retail broking industry stayed largely stable in April 2026. The number of active users went up by 2.92 lakh (292,000) to reach 4.57 crore (45.7 million), up from 4.54 crore in February 2026. Groww alone added 2.82 lakh new demat accounts during this period, increasing its lead over other brokers.
According to NSE data, Groww's user base grew by 2.25% in April compared to February. Its total number of clients crossed 1.3 crore, giving it a market share of 28.48%.
Zerodha added over 11,700 clients in April, continuing its recovery after losing nearly 1 lakh users in November and another 72,000 in December last year. Its total client base now stands at 68.83 lakh (6.88 million), with a 15.04% market share.
Angel One lost over 12,600 demat accounts in April but still held third place with a 14.74% market share. Upstox saw the biggest drop among major brokers, losing nearly 47,000 clients. Its market share fell to 4.29%, and its total client base is now 19.61 lakh (1.96 million).
Among traditional brokers, ICICI Securities added around 22,000 accounts, SBI Securities added 1,000, and Kotak Securities added 7,500. HDFC Securities, however, lost over 35,000 clients compared to February. Motilal Oswal kept its client base stable at around 9.01 lakh.
Dhan continued to grow, adding over 33,700 new demat accounts in April and staying in ninth place with a 2.3% market share. Paytm Money lost around 8,300 users, while INDmoney added nearly 4,700 users. Their market shares in April were 1.88% and 1.52%, respectively.
Fractal, an AI and advanced analytics company, has announced its first quarterly financial results since going public. For the quarter ending March 2026, the company's revenue from operations grew by 17% compared to the same quarter last year – from ₹757.5 crore to ₹886.3 crore.
For the full financial year 2026, Fractal's total revenue rose to ₹3,363 crore, up from ₹2,816 crore in the previous year. The company, founded in 2000, makes money through analytics and consulting services, as well as licensing and subscriptions from its AI platforms like Cogentiq, Iqigai, and Kalaido.ai.
Fractal listed on the stock exchange earlier this year, debuting at a discount of nearly 3% below its issue price on the NSE. It had raised ₹2,834 crore through its IPO, which included both fresh shares and an offer-for-sale by investors such as Apax Partners and TPG Capital.
Currently, Fractal's shares are trading at ₹1,064.65, giving the company a market value of ₹18,443 crore.
Nazara Technologies, a gaming and sports media company, saw its quarterly revenue drop by 23.5% compared to last year, but its profit shot up more than 13 times during the same period.
For the fourth quarter of FY26, the company's operating revenue fell to ₹398 crore from ₹520 crore in Q4 FY25. However, profit jumped to ₹55.7 crore from just ₹4.07 crore a year earlier, mainly because total expenses dropped sharply by 29% to ₹375 crore.
The gaming business remained Nazara's biggest earner, contributing 70% of total revenue. Gaming revenue grew 78% to ₹278 crore. But its other segments esports and ad-tech declined by 85% and 40% respectively, due to reasons like the deconsolidation of NODWIN Gaming, lower sponsorship spending, and weaker ad demand from gaming and startup companies.
For the full financial year, operating revenue rose 12.6% to ₹1,829 crore, while profit increased 60.8% to ₹82 crore.
Nazara's shares closed at ₹262.95 today, giving the company a market value of about ₹9,741 crore.
LinkedIn plans to lay off about 5% of its workforce on Wednesday, according to two sources familiar with the matter. The company has over 17,500 full-time employees globally, so this would mean roughly 875 job cuts.
The move is part of a reorganization to focus on areas where the business is growing. According to sources the layoffs are not because AI is replacing jobs at LinkedIn. In fact, LinkedIn's revenue grew 12% last quarter compared to a year earlier, according to Microsoft's filings.
The cuts are part of a wider trend in the tech sector this year. Jack Dorsey's Block announced in February it would cut nearly half its workforce, Cloudflare unveiled a roughly 20% reduction last week, and Meta is reportedly targeting a May 20 layoff. According to Layoffs.fyi, more than 103,000 tech workers have lost their jobs so far in 2026, approaching the 124,000 cuts recorded for all of 2025.
India's government has approved a ₹37,500 crore ($3.92 billion) plan to boost coal gasification projects, according to Information Minister Ashwini Vaishnaw. The goal is to reduce the country's dependence on imported fuels and use domestic coal for cleaner industrial purposes.
Coal gasification turns coal into synthetic gas, which can then be used to make power, fertilizer, petrochemicals, and other products. This will help cut India's imports of liquefied natural gas (LNG), urea, ammonia, and methanol. The timing is important because India's gas imports have been affected by the Middle East crisis.
Several countries, including the US and China, are also exploring coal gasification to lower emissions while still using coal for energy security. India has huge coal reserves 401 billion tons of coal and 47 billion tons of lignite. The country aims to gasify about 75 million metric tons of coal every year, with the scheme expected to bring in investments of around ₹3 lakh crore.
Under the plan, the government will cover about 20% of the cost of plant and machinery. Interest in the sector is growing. State-run power producer NTPC is planning to enter the coal gasification business, aiming to produce 5 to 10 million tons of synthetic gas per year over the next three to four years. India had already approved an ₹8,500 crore coal gasification incentive scheme in 2024.
India has banned sugar exports with immediate effect, and the ban will remain in place until September 30 or until further orders. The government said the decision was made keeping domestic supply in mind.
The ban covers raw, white, and refined sugar. The government changed the export policy from "restricted" to "prohibited," according to a notification from the trade ministry. However, the ban will not apply to sugar exports to the European Union and the United States under existing quota arrangements.
Four members of South Korea's Lee family which controls Samsung have become the richest people in the country. For the first time, the top four billionaires in South Korea all come from the same family.
Jay Y. Lee, the executive chairman of Samsung Electronics, is now the wealthiest with a net worth of $34 billion, up $12.4 billion since late March. His younger sisters, Boo-jin ($12.4 billion) and Seo-hyun ($12 billion), and his mother, Hong Ra-hee ($11.2 billion), are now the second, third, and fourth richest, respectively.
Most of their wealth comes from shares of Samsung Electronics, which have skyrocketed five times over the past year. The company's stock jumped 40% in just the last month because of strong demand for memory chips used in AI. Last week, Samsung Electronics reached a market value of $1 trillion, becoming only the second Asian company (after TSMC) to achieve that.
Last month, Samsung reported record quarterly revenue and profit, driven by its chip business. Revenue rose 69% to 133.9 trillion won, and operating profit jumped 756% to 57.2 trillion won. Barclays analysts expect Samsung to triple its revenue from high-bandwidth memory (HBM) chips this year, as demand continues to outpace supply.
Jay Y. Lee's late father, Lee Kun-hee, died in 2020, leaving the family with one of the largest inheritance tax bills in South Korea's history. The family's founder, Byung-chull Lee, started Samsung in 1938 as a trading company.
Defense technology company Anduril has raised $5 billion in a Series H funding round, giving the company a valuation of $61 billion. The round was led by Thrive Capital and Andreessen Horowitz. CEO Brian Schimpf said the funding will allow the company to invest heavily in manufacturing capacity, research and development, and infrastructure to build advanced defense systems at scale.
Mind Robotics,was originally part of Rivian, the electric vehicle company, but has now become its own independent business has raised another $400 million just two months after raising $500 million. The company is developing industrial robots to help automate factory operations even further.
Easy Trip Planners, the company behind the travel website EaseMyTrip, announced on Wednesday that its board has approved raising ₹500 crore through a rights issue. This means the company will offer new shares to its existing shareholders first, giving them a chance to buy more shares in proportion to what they already own.
Bharti Airtel's board has approved a ₹28,200 crore share-swap deal to increase its stake in Airtel Africa. As part of the deal, Airtel will issue about 14.68 crore new shares to a promoter group company called Indian Continent Investment Limited (ICIL) at ₹1,923 per share a 9.5% premium over the last closing price.
In return, ICIL will transfer a 16.3% stake in UK-listed Airtel Africa to Airtel. This will increase Airtel's indirect ownership in the African business. Currently, Airtel already holds about 62.73% of Airtel Africa through its subsidiary. The deal further strengthens its control over the African entity.
Zydus Lifesciences is buying a US-based pharmaceutical company called Assertio Holdings for about $166.4 million (around ₹1,570 crore). The deal is all cash, and Zydus will pay $23.50 per share through its subsidiaries.
Zydus' offer is 30.6% higher than an earlier bid from Garda Therapeutics, and 75.8% above Assertio's share price before unusual trading activity began. The acquisition gives Zydus a ready-made commercial platform in the US, especially in pain management and cancer-support therapies.
Assertio sells branded prescription drugs in the US, including Rolvedon, a treatment that reduces infection risk in cancer patients undergoing chemotherapy. The deal gives Zydus direct access to Assertio's marketing and distribution network in the world's largest drug market. Zydus plans to use this to expand its specialty oncology presence in the US.
This marks a strategic shift for Zydus—moving beyond its traditional strength in generic drugs toward higher-margin specialty and branded medicines. Indian drugmakers are increasingly looking to build specialty portfolios in the US to escape intense pricing pressure in generics.
The Assertio board chose Zydus' offer over Garda's because it offered better value and certainty. The deal has no financing contingencies and is expected to close in FY27, after which Assertio will be delisted from Nasdaq.
Zydus (formerly Cadila Healthcare) has done similar deals before, including buying Sentynl Therapeutics in 2017, UK-based LiqMeds in 2023, and French orthopaedic device maker Amplitude Surgical in 2025. The Assertio acquisition continues that strategy.
US-based AI finance company Numero has bought Royu, a finance automation startup based in Chennai, in a deal involving both cash and stock. Royu is less than a year old, and its co-founder said the deal was worth a "double digit million" amount, though the exact figure was not shared.
Royu was founded in 2025 and builds AI accounting software that handles tasks like bookkeeping, invoice processing, reconciliations, month-end closing, and financial reviews. After the acquisition, the combined company plans to offer AI "workers" that assist CFO offices by working alongside finance teams and existing software systems.
Secured credit startup Nivasa Finance has raised around Rs 25 crore in a seed funding round led by Prime Venture Partners, with participation from Blume Ventures, Whiteboard Capital and a group of angel investors.
X is becoming more like a "save it for later" app by launching a new History tab. This feature brings together your bookmarks, likes, videos, and articles all in one place for easy access. It's first available on iOS.
With this update, the Bookmarks button in the app's left-side menu has been renamed to History. The new page is divided into four sections: bookmarks, likes, videos, and articles. This History section is private and only visible to you.
Maharashtra transport minister Pratap Sarnaik wrote to the state’s cyber crime department seeking immediate shutdown of app based bike taxi services run by Ola, Uber and Rapido. He also called for filing FIRs against the owners and management of these companies.
All the news points are true and accurate based on current financial and corporate reporting fact check done by team MuntBhai
Comments
Post a Comment